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Updated almost 5 years ago on . Most recent reply
Which RE Markets did the best in 2008?
Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.
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Steve Vaughan
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Originally posted by @Patrick J.:
Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.
What was also important was niche/strategy and asset class. You could have been in the 'best market' but if you were in luxury/resort STRs or flipping,, you were looking for a chair.
My B and rural C class LTRs did fine. A class LTRs were hit pretty hard.